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Invest Like a Boss

Invest Like a Boss covers all aspects of investing in the modern age in a fun, entertaining way. The show hosts interview the world's best investors, financial Insiders, entrepreneurs and CEOs to find out what they are investing in and strategies to gain outsized returns. In this modern age of investing, new investment instruments are popping up each day, from P-2-P (peer to peer) lending, to robo-advisors, equity crowdfunding to REITS. Investors today need to combine centuries of investment wisdom with an modern outlook and approach. Entrepreneurs Sam Marks and Johnny FD both retired in their early 30’s through business successes and now focus on learning how to invest alongside the listeners in order to put their hard earned money to work.
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Now displaying: 2018
Nov 16, 2018

John Thomas is one of the founding fathers of the modern hedge fund industry. He broadens the public understanding of the techniques and strategies employed by the most successful hedge funds so that they may more profitably manage their own money.

In his free time, John climbs mountains, does long distance backpacking, practices karate, performs aerobatics in antique aircraft, collects vintage wines, reads the Japanese classics, and engages in a wide variety of public service and philanthropic activities.

During this episode, John will share some of the investing principals that he’s used to yielding him up to 35% returns. Learn about the trade alerts, his favorite platforms to use, and how traveling the world has only improved his success. Expect to hear about his thoughts on passive verse active investing. After hearing this you might want to adjust your strategy.

 

Links:

 

Discussed:


Where We Are:

  • Johnny FD - Chiang Mai, Thailand
  • Sam Marks - Ko Samui, Thailand
  • John Thomas - San Francisco, California

 

Time Stamps

  • 00:39 - Monsoon season in southern Thailand
  • 07:08 - First investment Johns ever made in his life
  • 08:34 - Common errors and mistakes
  • 10:49 - Making 30-40x your investment
  • 11:47 - “Every year we get one guy... who brings in 1000% return” - @MadHedgFndTradr
  • 12:36 - Following the trade alerts with little experience
  • 18:28 - Favorite trading platforms
  • 19:04 - Tricks, tips, and market trends
  • 21:48 - Passive vs active investing
  • 22:35 - “People are about to have a harsh awakening on the passive investing front” - @MadHedgFndTradr
  • 22:50 - General investing principals to live by
  • 23:48 - Traveling the world for success
  • 33:16 - Compounding 35% interest over 8 years
  • 36:15 - Passive vs active investing

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

 

Copyright 2018. All rights reserved. Read our disclaimer here.

 

Nov 11, 2018

DANIEL PERIS, Ph.D., CFA, is Senior Vice President and Senior Portfolio Manager at Federated Investors, Inc., in Pittsburgh where he oversees $20 billion dollars in equity portfolios the firm's dividend-oriented funds.

Before transitioning into asset management, Peris was a historian focuses on modern Russian history. He is the author of two prior books in investing, The Strategic Dividend Investor, and The Dividend Imperative, and the new book Back to Business.


During this episode, Daniel will talk about how you can bring some common sense back to your investing. He’ll speak on some old strategies that just don’t work anymore including why Modern Portfolio theory may not be the answer. Expect to learn how to achieve higher yields including tips to managing your Index funds, Mutual funds, and SMAs. Find out if you really need a financial advisor to get the most out of your investing and how to choose one properly.

Listen to the end for insight into Sam Marks and Johnny FDs percent earnings and thought on incorporating this concept into their portfolio.

 

Where are we:

  • Johnny FD & Sam Marks: Chiang Mai, Thailand
  • Daniel Peris - Pittsburg, Pennslyvania

 

Links:

 

Book:

 

  • Time Stamps:
  • 06:06 - Managing $20 billion in equity portfolios
  • 07:45 - Being interested in modern portfolio theory
  • 11:01 - Modern Portfolio Theory vs Efficient Market Theory
  • 16:41 - “You don’t have to believe in mean-variance optimization, Modern Portfolio Theory, to want to be a passive investor” - Daniel Peris
  • 19:45 - Is the Modern Portfolio Theory failing investors?
  • 20:33 - “This idea of mean-variance optimization simply doesn’t make sense in modern investing anymore”  - Daniel Peris
  • 25:26 - Achieving higher yield
  • 33:08 - Managing your Index funds, Mutual funds, and SMAs
  • 36:55 - Dividend investing and tax bracket benefits
  • 38:44 - Do you need a financial advisor to get high yields?
  • 48:55 - “At the end of the day what really matters… is trust” - Daniel Peris
  • 53:29 - Mutual funds to highlight
  • 56:50 - The superior open approach 50 years from now
  • 01:00:52 - Cashing out your dividends & calculating earnings


Keywords:

If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2018. All rights reserved. Read our disclaimer here.

 

Oct 31, 2018

Explore the future of money with Sam Marks and Brian Whorley, found of Paytient, an innovative startup that is improving access to affordable healthcare.

The Money2020 Conference is where leaders, innovators, and disruptors unite to drive change and revolutionize the future of money. It’s a 4-day experience that facilitates the right conversations and insightful learnings, leaving you inspired and equipped to reach your goals.

Although tickets could have been up to $5,000 you’ll gain insights from Sam and Brians perspective on the ways our market is revolutionizing the future of money. Expect to hear key takeaways of their experience from JP Morgan’s after part to conversations with super high-level thought leaders. Listen to the end for ways to cover unplanned out-of-pocket healthcare expenses.

 

Where we are:

  • Johnny FD: Bali, Indonesia
  • Sam Marks: San Diego, California

 

Discussed:

 

Recommended:

  • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
  • ArtofFX – Start with just a $25,000 account
  • RealtyShares – Try it free
  • Wealthfront – Get your first $15,000 managed free
  • Betterment – Get up to 1 year managed free
  • PeerStreet – Get a 1% yield bump on your first loan
  • Traveling Mailbox – Get 5% off subscriptions with ‘ILAB’ promo code

 

Time Stamps:

  • 00:38 - Recharging your battery and resetting your life
  • 08:40 - The worst conference Sam has ever been to
  • 11:39 - JP Morgan’s after party + MORE
  • 17:23 - Las Vegas people, landscape, and experience
  • 20:23 - How to get the most out of a conference
  • 22:00 - Bitcoin Miami & Money 20/20 takeaways
  • 23:54 - “People consuming financial services in a healthy way are better customers” - Brian Whorley
  • 26:04 - Understanding Fin Tech and bank announcements
  • 32:21 - Virtual card use cases
  • 38:50 - The payment race across the USA
  • 45:17 - Terrible Miami Dade weed gummy experience
  • 47:21 - Alarming statistics about US healthcare ‘system’
  • 55:45 - Paytient’s 30-second elevator pitch
  • 01:06:41 - Tony Robbins Date with Destiny Conference
  • 01:08:46 - Las Vegas conference and environment experience
  • 01:13:22 - iTunes review

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2018. All rights reserved. Read our disclaimer here.

 

 

Oct 22, 2018

Sam Marks & Johnny FD are back for another quarterly update on their finances, investments, and personal portfolio.

During the episode, co-hosts Sam & Johnny talk about the downturn of this quarter in the stock market and the implications it brings. They gave comments on each investment they ventured in that has been significantly affected by this fall. Also, they share their new investments for this quarter and their plans for the upcoming one.

 

Where we are:

  • Sam - South Carolina
  • Johnny - Chiang Mai

 

Recommended:

  • Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
  • ArtofFX – start with just a $25,000 account
  • RealtyShares – try it free
  • Wealthfront – get your first $15,000 managed free
  • Betterment – get up to 1 year managed free
  • PeerStreet – get a 1% yield bump on your first loan
  • Traveling Mailbox – get 5% off subscriptions with ‘ILAB’ promo code

 

Time Stamps:

  • 07:06 – The downturn of cryptocurrency
  • 08:00 – Oil, Gold, or Bitcoin?
  • 13:19 – Their investments in crypto
  • 14:24 – Significant downfall in the stock market
  • 16:05 – Review on ArtofFX
  • 18:05 – Upsides of PeerStreet
  • 22:59 – Why invest in Fundrise?
  • 26:21 – New Investments this Quarter
  • 32:16 – Life’s Goals
  • 43:59 – Sam’s new Dropshipping Store
  • 47:40 – Recap for the Quarter
  • 56:29 – Plans for the upcoming Quarter

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

Oct 12, 2018

Kevin She is the owner of SC Storage, Hong Kong's leading low-cost self-storage provider with over 60 convenient locations in Hong Kong and Macau, and more than 18,000 self-storage units. He started his self-storage business 18 years ago and has consistently grown in locations and customers. When it comes to self-storage, he is the king!

On this episode, Kevin reveals the step-by-step process of setting up a self-storage facility - from choosing the location to promoting the business. He explains the fundamentals of self-storage and why it is a perfect real estate investment scheme. This discussion teaches entrepreneurs some tips and strategies on how to build a million dollar business, self-storage or not.

 

Where we are:

  • Johnny - Chiang Mai
  • Sam & Kevin - Iceland

 

Links:

 

Recommended:

  • ArtofFX – start with just a $10,000 account (reduced from $25,000)
  • Fundrise – start with only $1,000 into their REIT funds (non-accredited investors OK)
  • RealtyShares – try it free
  • Wealthfront – get your first $15,000 managed free
  • Betterment – get up to 1 year managed free
  • PeerStreet – get a 1% yield bump on your first loan
  • Traveling Mailbox - get 5% off subscriptions with 'ILAB' promo code

 

Time Stamps:

  • 13:24 – Kevin She’s Background
  • 13:54 – The Process of Setting up Self-storage
  • 17:01 – The Building Formula
  • 21:06 – The Renovation Process
  • 23:20 – Real Estate Hack
  • 25:20 – System Input & Customer Access
  • 31:52 – Marketing Strategies to fill-up these Storages
  • 36:53 – Cap Rates for Self-storage
  • 38:34 – Self-storage business competitions
  • 40:04 – Billing defaults & late fees
  • 44:57 – Possible disruptions on self-storage businesses
  • 47:01 – When storage owners become unreachable
  • 51:56 – Countries with good self-storage business potential
  • 59:33 – Recession & Regulation risks

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

Oct 3, 2018

Omar Khan is a real estate investor with over 10 years of global investment experience. He is one of the people behind Boardwalk Wealth, a private equity firm in Dallas, Texas which connects International investors with US-based multifamily real estate opportunities. He is responsible for capital raising, strategic planning, and investor relations. His vast knowledge in the real estate makes him the perfect person to discuss the fundamentals of cap rates.

On this episode, Omar provides a better understanding of what cap rates are for people who are not very familiar with the terminologies in the real estate industry. He explains how cap rates work and what external factors affect its value. He gives away tips and strategies on how to assess real estate yields in order to optimize investment returns. This episode helps you understand the value of the properties or assets you buy or sell.

 

Where we are:

  • Omar – Dallas, Texas
  • Sam – Athens, Greece
  • Johnny – Chiang Mai, Thailand

 

Links:

 

Time Stamps:

  • 12:20 – What is a Cap Rate?
  • 13:55 – Understanding Leverage
  • 15:52 – Variables that affect the Cap Rates
  • 16:32 – How to stabilize properties?
  • 21:20 – Cap rates for different classes
  • 27:45 – Balancing needs with income & capital appreciation
  • 29:49 – Highest Cap Rates
  • 36:10 – Cap rates in buying and selling assets
  • 39:34 – How to find buyers easily?
  • 41:58 – Risk Management during a recession
  • 44:52 – Billion dollar properties
  • 48:04 – Equity Multiple and Internal Rate of Return
  • 51:40 – Their strategies on a possible recession
  • 56:40 – Investment opportunities for individuals

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

 

 

Sep 27, 2018

Frank Valencia, Sr. Managing Partner, and Victor Sanchez, Operations Manager, are part of Bongo PM Team. Their company, Bongo PM, focuses on AirBnB Property Management for vacation and short-term rentals. Their mission is to find the best real estate services for people looking for a home to rent or a vacation property to stay.

This is a special episode where the guests answer the listeners’ questions from The Boss Lounge about short-term rentals. If you are a property owner or a traveler looking for a place to rent, this is a perfect episode to start your real estate journey. Frank and Victor explain what services their company provides and the fundamentals of short-term rentals. They will answer several questions that you yourself might be asking, including the best cities for property rentals, profitability, taxes, and income potential.

 

Where we are:

  • Johnny - Chiang Mai
  • Sam - Denmark

 

Links:

 

Discussed:

 

Time Stamps:

  • 10:09 – The services that Bongo PM provides
  • 13:30 – What people look for in the properties they rent
  • 14:36 – Important factors to keep short-term rentals up and running
  • 16:06 – Determining factor if the property is profitable
  • 20:41 – Understanding the fundamentals of short term rentals
  • 21:32 – Tip and tricks in entering this industry
  • 24:07 – Limiting one's liabilities
  • 24:49 – Finding properties for short term rentals
  • 25:54 – Purchasing a profitable property
  • 26:47 – Impact of hotel taxes
  • 27:41 – How to persuade the property management to allow short term rentals
  • 29:19 – Projecting future income potential
  • 30:31 – Best cities with best rental yields
  • 33:45 – Insurance
  • 34:34 – Properties in New York

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

 

Sep 17, 2018

David Hauser is an entrepreneur and a speaker based in Las Vegas. He is the founder of Grasshopper, Chargify, and Angel Investor. Grasshopper is a virtual phone system company which was sold to Citrix for almost $175M. His passion in the business industry has led him to build more startups. This successful exit has led him to realize what he really cares about – and that is to inspire others.

On this episode, David shares his journey after selling the company that he built and managed for over 12 years. He reveals the emotional struggle he went through after his big exit and what he did with his money after that. David gives his perspective on what financial freedom means. He also shares his investment strategies including the investment platforms he ventured in. This conversation gives you several tips and advice on how to manage and grow your wealth.

 

Where we are:

  • Johnny – San Francisco, California
  • Sam – Tampa, Florida
  • David – Las Vegas

 

Links:

 

Discussed:

 

Time Stamps:

  • 08:48 – The creation of Grasshopper.com
  • 10:33 – His passion in becoming an entrepreneur
  • 11:04 – Where and when did they build the company?
  • 12:35 – The Company’s growth after the exit
  • 13:25 – What came after the big exit?
  • 16:44 – Diversifying his wealth and assets
  • 20:40 – His strategy for managing his assets
  • 23:31 – The value of investment advisors
  • 26:50 – What is financial freedom for him?
  • 29:05 – His engagements after the exit
  • 30:58 – His new book
  • 31:49 – The secret behind his productivity
  • 33:46 – Life optimization
  • 37:20 – His advice to help increase productivity

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

 

Aug 28, 2018

Ted Rossman is an Industry Analyst at CreditCards.com and writes the "Wealth and Wants" column. He has seven years of experience in the credit card and personal finance industries as a member of the award-winning communications department at CreditCards.com and its sister sites, The Points Guy and Bankrate.

During the episode, Ted gives away the tricks and tips in choosing the perfect credit card that will suit your lifestyle. Since credit cards are used by most of the people, understanding its use is of great benefit. He explains how credit score works and what its associations are. He also helps us understand the credit points, reward redemptions, and credit bonuses for different people with different needs. This is surely an episode we all can relate to!

 

Links:

 

Where we are:

  • Sam - Tampa, Florida
  • Johnny FD - La, California
  • Ted - New York City

 

Time Stamps:

  • 05:13 – How he got involved in the Credit Card Industry
  • 07:33 – The impact of applying more credit cards to your credit score
  • 10:50 – Tricks in improving credit scores
  • 103:36 – Negative information and its impact on credit score
  • 15:42 – Monitoring credit report
  • 19:34 – Best credit score
  • 21:02 – Major considerations in choosing a credit card
  • 22:23 – Reward redemption and credit points
  • 31:18 – Point redemption and bonuses
  • 39:33 – Cards for travelers
  • 41:23 – Matching your cards to your lifestyle
  • 47:30 – The Best card with no annual fee
  • 52:45 – Improvements and trends in the credit card industry
  • 56:11 - Juggling multiple credit cards
  • 57:13  - Priority Pass hacks
  • 01:01:00 - Riding Bird Electric Scooters in LA
  • 01:02:54 - Flying from credit card points and flyer miles
  • 01:04:44 - What credit cards are in Johnny FD's and Sam wallet?
  • 01:08:28 - Going down 100 points on Sam's credit score

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

Aug 14, 2018

Marshall Taplits is the co-founder and chief strategy officer at NYNJA, a company building global operating system for the future of work. NYNJA Group is creating the first international mobile communications app with an on-demand marketplace and its own cryptocurrency ecosystem. Marshall began his career in software quality assurance 18 years ago and has acquired vast knowledge and expertise on online trends and developments including the popular Initial Coin Offering (ICO).

On this episode, Marshall explains the fundamentals of ICOs and its impact on the present generation. Since we have reached the era of the internet, much digital advancement has been introduced.  As an expert in ICOs, Marshall educates us on what an ICO is and what benefits we get out it. This is an enlightening conversation about coin ownership, launching ICOs, and ICO investing.

 

Where we are:

Marshall - China

Sam - Santiago

Johnny - Ukraine

 

Links:

Nynja.io

 

Time Stamps:

11:11 – What is his definition of an ICO?

12:00 – Big ICOs including Bitcoin and Ethereum

15:04 – Benefits in using Ethereum when launching an ICO

17:05 – How an ICO launch works?

18:07 – Qualifications for issuing an ICO

20:18 – Difference between a token and a coin

21:14 – Accessing the new coin

24:12 – Selling or trading coins

28:26 – Value of coin owners in the company

31:06 – What makes a successful ICO?

34:46 – Developing new coins that he is excited about

38:20 – Standard road map in funding ICOs

45:03 – How Ninja started and what they do

47:32 – Ninja coin

48:01 – What are they building at Ninja?

54:02 – The process of investing in ICOs

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

Aug 3, 2018

Invest Like A Boss podcasts celebrates a new reaching as it launches its 100th episode. In order to give thanks to all the listeners, Sam & Johnny welcomed questions from the audiences so that they too can be part of this investment journey! Both hosts have personally participated in various investments that they learned through this show. Featuring several financial experts, this podcast has opened limitless possibilities in the investment arena. 

On this special episode, Sam & Johnny answers questions from listeners based on their own knowledge and experience. This conversation reveals so many tips and strategies that would help you take control of your finances!

 

Where we are:

Johnny - Ukraine

Sam - Arizona

 

Links:

Personal Capital

Dropshipping Course

Boss Lounge

 

Time Stamps:

06:43 – Strategies during an economic recession

20:25 – What to buy when everything is down

27:26 – Recommendations for young non-accredited investors

32:34 – Ranking for young investors

41:59 – What it takes to become an accredited investor

50:56 – Best strategy that made the most impact on their finances

53:43 – What were their quickest decisions and how they felt about it?

57:08 – Tips and strategies to increase productivity

1:00:08 – Paying debt vs. Investing

1:06:24 – What net worth number would make them satisfied?

1:12:57 – Investments below $500

1:14:32 – Cost-Benefit of Traditional College Education

1:16:54 – Going into AirBnB investment

1:18:33 – Enjoying Investments

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

Jul 24, 2018

Co-hosts Sam & Johnny are up again for another quarterly update on all investment ventures they are personally participating. They have been giving updates on the performances of their investments as well as their new investments every three months to give light on the subject for all the investors and investors-to-be who are on the process of figuring out which investment platform to choose.

On the episode, Sam & Johnny reveal the performances of their investments during this quarter. They have been discussing various investment platforms in the past episodes and they will share which funds they invested in and how it turned out. If you are an investor or you want to become one, listen to this episode and learn new trends in the world of funds and investments.

 

Where we are:

Sam & Johnny - Spain

 

Discussed:

ILAB 90 – HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge

ILAB 86 – Index Fund Allocation Modeling with Johnny & Sam

ILAB 62 – Q2 Investing Updates + Early Retirement

 

Time Stamps:

06:30 – Keeping track of your finances using Personal Capital

09:37 – Johnny’s net worth

13:18 – Building wealth through passive income

18:55– Johnny’s investment updates

23:10 – Johnny’s ETF updates

29:40 – American Homeowners Preservation (AHP) Fund

34:39 – What’s going on in the crypto world?

38:00 – YieldStreet Fund updates

40:53 – Municipal bonds updates

44:27 – Comprehending the taxes around investment returns

55:48 – Fund Rise updates

1:02:05 – Self-storage investment

1:05:06 – Financial growth through compounding interest

1:12:16 – Sam’s new investments

1:13:59 – Latest travel journey

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

Jul 10, 2018

Jefferson Lilly is a mobile home park investment expert who co-founded Park Street Partners which owns 17 Mobile Home Parks coast-to-coast. He is the host of the Mobile Home Park Investors podcast with over 10,000+ D/L per month. He spent seven years investing his own capital acquiring and operating mobile home parks. He is definitely the go-to-person when it comes to mobile home park investing.

During the episode, Jefferson educates us on what a mobile home park is and what investment opportunities surround it. He corrects the misconception of most people when it comes to mobile home owners. He presents the ups and downs of owning and operating mobile homes. He explains the Who, What, and How in the world of mobile homes. This is a very unique investment platform that will surely get you hooked!

 

Where we are:

Johnny - Ukraine

Sam - Barcelona

 

Links:

Mobilehomeparkinvestors.com

Parkstreetpartners.com

 

Time Stamps:

12:14 – How he got into Mobile Home Park Investing

15:49 – What got him into value investing

17:39 – What is a Mobile Home?

20:52 – Problems in building a Mobile Home Park

23:07 – Mobile Home Parks vs. Other types of Real Estate

25:43 – Who are Mobile Home Parks for?

28:53 – Moving of Mobile Homes

30:03 – Timespan of tenants

32:21 – How long has he been in this business?

36:31 – His journey in this business

39:20 – Average size of a Mobile Home Park

43:18 – What is a Cap Rate?

48:47 – Investment Opportunities

50:52 – Returns

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

Jul 3, 2018

Chris Harrison and his girlfriend just got their new home. But, instead of cutting down expenses from renting, they spent more on fixing the house they just bought. While the inspection went perfectly well, they discovered so many shortfalls few days after they moved in. The house failed in so many aspects that the couple had to take legal action against the people who apparently ripped them off.

On this episode, Chris shares the appalling experience of buying their first home. He enumerates the flaws they discovered in the house including the electrical system, the plumbing, and the termite infestation. He sheds light on the idea of buying a starter home and gives his takeaways from the experience that will surely help those who are planning to buy their own house.

 

Where we are:

Sam & Chris - Florida

Johnny - Ukraine

 

Discussed:

ILAB 96 – 6 Keys to Protecting your Properties from Lawsuits with Scott Smith

 

Time Stamps:

07:08 – How they decided to buy a house

09:03 – What went wrong in the house

15:36 – The good-for-nothing inspection

17:05 – How did he find his Realtor?

21:21 – The process of buying a house

23:12 – Taking legal actions

28:34 – What are they going after in the lawsuit?

31:51 – Recommendations on getting your house

33:55 – The mortgage process

35:51 – His takeaways from this unfortunate event

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

 

Jun 22, 2018

Scott Smith is the owner of Royal Legal Solutions, an asset protection company for real estate investors which develops strategies to maximize tax savings and protect from lawsuits. He himself is a real estate investor who holds real estate investments in 10 states. He believes that if a person is building a real estate empire, he is bound to get sued and being one step ahead is the wisest way to protect his assets.

During the episode, Scott explains the 6 keys that would help property owners protect their assets from devastating lawsuits. In the real estate world, getting sued is a common thing and a very expensive one. He explains the foundation of asset protection and several ideas that go with it. Listen in and find out why real estate investors need professional asset protection.

 

Where we are:

Johnny - Ukraine

Sam - Florida

 

Links:

Royallegalsolutions.com

 

Time Stamps:

07:57 – His journey to Real Estate Investing
12:28 – The foundation for protecting assets
17:45 – Lawsuits from accidents
20:21 – The truth about Insurance Companies
22:10 – Getting started with Asset Protection
23:37 – Series LLC
28:43 – Insurance and other asset protection
31:17 – Recommendations for what insurance to choose
32:51 – Umbrella Policy
33:33 – Separation of the asset with your personal name
34:37 – Compartmentalization of Assets
37:43 – The Unanimity Structure
40:20 – What do Royal Legal Solutions do?

 

If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!

Copyright 2017. All rights reserved. Read our disclaimer here.

Jun 11, 2018

Michael teaches personal finance at Trinity University and writes a weekly finance column for the Houston Chronicle and San Antonio Express News. He previously sold bonds for Goldman Sachs, and used to run a distressed debt hedge fund. He is not your typical finance professor as he gives you the real-life perspective of how to manage your money.

During the episode, Michael reveals several tips in growing wealth which you did not learn from school. He believes that venturing into investments at an early age promises a future of fortune. He explains how compound interest works, why we need to understand it, and what benefits it could provide. You might not be interested in learning such early in life, but once you listened to this episode, you’ll have a whole new outlook at your finances.

 

Where we are:

Johnny - Bulgaria

Sam - Florida

 

Book:

The Financial Rules for New College Graduates

 

Discussed:

ILAB 11 – Advice for 17-24 Year Olds on Money, College, Credit and Finances

 

Time Stamps:

07:52 – Why professors experience difficulty understanding and teaching finance
13:05 – His personal finance course
16:55 – Students in debt vs. Students investing
24:00 – Investment advice for young adults
32:12 – Explaining compound interest to young adults
38:53 – US Tax Code
43:10 – Saving money based on income
49:04 – Advise for youngsters in getting an investment adviser
56:47 – The use of Robo-Advisor
1:00:28 – Favorite investment books
1:05:21 – What to look forward to in his book

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

May 29, 2018

Zach, Sam’s new road trip buddy, is a nomad who had a successful exit from his business and is now on the quest of finding the perfect lifestyle. He loves flying kites, wandering the ocean, and experiencing freedom. After the big exit, he went on the process of learning new skills which eventually led him to discover his real passion.

During the episode, Zach, Sam, and Johnny talk about investing not with money, but with time and knowledge. If we have achieved our financial goal, what then? They discuss what financial freedom really means and what the perfect lifestyle is for each one of them. For expats who love traveling, where in the world would they want to settle? The journey to finding the life you dream of takes times, money, and knowledge. Listen in and learn some tips on how to be financially free and become truly happy.

 

Where we are:

Zach - Columbia

Sam - Columbia

Johnny - Bulgaria

 

Discussed:

ILAB 23 – From $0 to Self Made, How to 300X Your Investment

 

Time Stamps:

06:30 – The Road Trip

10:50 – The process of choosing his lifestyle

15:05 – Chasing after the dream

19:34 – Setting up a place in the US

21:57 – The Ideal life set up

24:28 – His top 5 places to settle

46:36 – What does financial freedom mean?

49:26 – Goal to financial freedom

52:15 – Managing money and happiness

55:16 – When to stop worrying about money?

1:01:48 – Selecting two base locations in the world

1:06:42 – Financial Freedom: Then, Now, and in the Future

 

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May 9, 2018

Ed Conard is an AEI visiting scholar who authored two top 10 New York Times bestselling books: The Upside of Inequality: How Good Intentions Undermine the MiddleClass (2016) and Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012). He has written op-eds for most major news outlets and has made hundreds of media appearances. He is a retired partner at Bain Capital, where he headed the firm’s New York office.

On this episode, Ed corrects the misconceptions about the middle-class wagers being squeezed by the top 1% as we are all made to believe. He gives a fresh perspective of the upsides of inequality relative to economic growth. He also shares his vision of what the U.S. economy would be like in the next couple of years. At the end of this episode, Ed discloses his own personal portfolio including how he manages his money and where he invests.

 

Where we are:

Johnny - Bulgaria

Sam - Florida

 

Links:

Edwardconard.com

 

Books:

The Upside of Inequality: How Good Intentions Undermine the Middle Class

Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong

 

Time Stamps:

04:30 – The Middle Class vs. the Top 1%
06:21 – What’s driving slow growth for the middle class?
09:32 – Understanding the American economy
16:04 – Measuring GDP
18:57 – Financial stability of households now and then
23:30 – American households’ savings
26:44 – Taxes on Government Services
30:02 – To what point will taxes slow down growth?
33:38 – His stand on the Trump Economy
35:12 – What he sees in the future economy
38:32 – Ed’s personal asset allocation
41:09 – Long-term upsides of inequality

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

 

 

Apr 16, 2018

Co-hosts Sam & Johnny are up for the first quarterly update of 2018 as investors, entrepreneurs, and travelers who share their own experiences. During the first 3 months of this year, they have interviewed several experts in the field of investing and have tried some investment platforms that they learned during the show.

On this episode, Sam & Johnny share their investment updates including the significant investments they ventured in and the downturns of some of their investments during the 1st quarter. They also share their work progress in the past 3 months and how their returns and income look like. They show us their trail during their travels and the countries that made the most impact on them. Listen to this episode to learn some tips and strategies for investing, building businesses, and traveling.

 

Where we are:

Sam - Tampa, Florida

Johnny - Kathmandu, Nepal

 

Q1 Travel

Sam – SE USA Road Trip >> Brazil > Denver > Tahoe > Napa > Tampa

Johnny – Chiang Mia >> Nepal

 

Q1 Book Reading
- Principles
- Home Dues
- Upside of Inequality
- The Path to War
- CryptoAssets

 

Discussed:

ILAB 84 – Note Investing 101, with Dave Van Horn

ILAB 88 – Structuring Tax-Free Income, Puerto Rico Act 22 – Jorie Roberts

ILAB 90 – HSAs 101, Health Savings Accounts with Evan Prokup of HSAedge

 

Time Stamps:

06:20 – Johnny’s investment updates

10:45 – How to become an accredited investor?

16:36 – Sam’s investment updates

19:49 – Taxes on unrealized gains

22:23 – Sam’s significant investments

29:11 – Downturn in various investment platforms

30:35 – Returns & Income

31:34 – Diversification of accounts and investments

33:15 – Taxes on income & investments

38:10 – Sam’s work updates

42:00 – Johnny’s work updates

45:27 – Johnny’s travels

48:25 – Sam’s travels

1:19:00 – Tips and advices in investing

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

 

Apr 12, 2018

Laura Gonzalez is an Associate Professor in Finance at California State University with over 10 years of experience in teaching finance courses. One of the studies she took interest in is behavioral finance in peer to peer (P2P) lending which they conducted an experiment on it.

During the episode, Laura reveals the major biases of lenders in terms of approving loans apart from their credit information. She explains the theory of beauty premium which significantly influence the decision of lenders. She also explains how they conducted the experiment to test this theory and what considerable indications were acquired.

 

Where we are:

Sam - Florida

Johnny - Nepal

 

References:

www.Lendingstats.com

 

Discussed:

ILAB 13 - PeerStreet vs. Lending Club

ILAB 45 – Behavioral Finance and How Betterment is Optimizing Around It

 

Time Stamps:

05:31 – Laura’s background

07:07 – History of P2P lending

11:40 – Growth of the P2P market

13:09 – P2P platforms

16:08 – Major biases in approval of loans

19:22 – Beauty Premium

24:01 – The conduct of the experiment

25:02 – Findings and indications

30:00 – Outcome based on biases

32:39 – What to consider when lending someone

34:49 – Information available on Prosper

37:02 – Repayment success rate in various countries

39:23 – Prosper vs. Lending Club

 

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Apr 3, 2018

Evan Prokup is the man behind HSAedge, a leading website on Health Savings Account (HSA) information. HSA are savings accounts for medical expenses which are triple tax-advantaged and allows holders to lower their cost of medical care over time. HSA contributions can be invested in a wide variety of assets and can even be used in retirement.

During the episode, Evan explains the fundamentals of Health Saving Accounts (HSA) including its aspects and benefits. He also explains the HSA triple tax advantage, eligibility, investment opportunities, and income requirements. This episode answers all the basic questions you have on HSA which helps you decide in opening up an account.

 

Where we are:

Sam - Nevada

Johnny - Nepal

 

Links:

Website - HSA Edge

Email - evan@hsaedge.com

 

Discussed:

ILAB 31 – The Landlord: How I Acquired 485 Properties in 12 months

 

Time Stamps:

04:35 – How he took interest in HSA?
05:47 – The background of HSA
07:02 – What is HSA?
09:43 – Aspects of Triple Tax Advantage
11:53 – Record Keeping
13:50 – Allowable yearly contribution
17:13 – Who is HSA eligible?
25:39 – Investment opportunities through HSA
30:28 – Qualified Medical Expense
34:30 – Socialization of medical care
37:39 – Investment options for HSA
42:24 – Income requirement for contributing to HSA
45:14 – Downsides of HSA
48:05 – Contribution dates
49:12 – Transfer to a beneficiary

 

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Mar 22, 2018

Frank Valencia is the Sr. Managing Partner at Bongo Property Management; a fast-growing AirBnB property management which helps your short-term rental business becomes a success. They are currently operating in the United States, Latin America, and Europe – and are planning to expand to new cities later on.

During the episode, Frank explains the services they provide at Bongo PM. As an expert in the business industry, he describes the benefits of having their company manage your properties for short-term rentals. Listen in and learn a lot about the short-term rental market, including size demands, occupancy rates, investment returns, and the ideal countries to own properties.

 

Where we are:

Johnny - Nepal

Sam - Denver

 

Links:

Bongopm.com

 

Time Stamps:

09:07 – Who is Frank?

10:06 – The growth of Bongo PM

10:27 – AirBnB

12:39 – Return on investment

15:12 – Bongo PM analytic service

16:44 – Expanding to new cities

17:42 – Impact of reviews

19:23 – Property types and its demands

21:43 – Occupancy rates

23:03 – Optimizing seasons

24:14 – Insurance options for Risks of damages

26:03 – Length of agreement

29:07 – Ideal properties for short-term rental

31:21 – Investment opportunities in Bongo PM

32:25 – The future of Bongo PM in the industry

38:29 – Bongo PM Rates

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

 

 

Mar 15, 2018

Jorie Roberts is the founder of Marjorie Roberts, PC, a firm composed of attorneys who specialize in tax, corporate/securities, and business law, and work with the economic incentive programs in Puerto Rico and the U.S. Virgin Islands. She has a vast knowledge of tax law and holds law degrees from Harvard University, Cambridge University, and New York University.

During the episode, Jorie explains two tax laws, known as Act 20, the Export Services Act, and Act 22, the Individual Investors Act, which shields new residents of Puerto Rico from paying most federal income. And since these laws apply to the residents of Puerto Rico, Jorie discusses the process and requirements in applying for residency. Also, she gives comprehensive examples on what is eligible for tax exemptions.

 

Where we are:

Jorie - U.S. Virgin Islands

Sam - Denver Colorado

Michael - Bangkok

 

Links:

Jorie’s Firm - MARJORIE ROBERTS, P.C. - Attorneys at Law

Michael’s publication - CEF Insider

 

Time Stamps:

04:01 – Acts 20 and 22: What they are and who they’re for?

05:59 – Applying for residency in Puerto Rico

10:15 – Is owning Real Properties required?

11:45 – How can expats benefit from the tax exemptions?

13:52 – Income tax structure using Act 22

16:29 – Are Interests and Dividends taxed?

19:44 – Examples of income structures and its tax exemptions

29:25 – What is eligible for tax exemption?

32:12 – Application process for both Acts

36:02 – Recommendations on how to start

45:32 – Tax in the US vs. other countries

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

 

Mar 6, 2018

Jordan Goodman is considered America’s Money Answers Man because he is the man to go to for answers on personal finance questions. He has appeared on several TV and radio shows. He believes that there is a tremendous amount of financial illiteracy in the country and wants to help people learn. He has written 14 books including the popular Fast Profit in Hard Times and The Dictionary of Finance and Investment Terms.

On this episode, Jordan explains the impact of the 2018 tax reform both in corporate and individual level. He also explains its impact on the stock market and other investment ventures. He gives tips and strategies on what, where, and how to invest in this new economy. He also shares his personal favorites in terms of asset classes and trends that will help you decide on your next investment plans.

 

Where we are:

Johnny - Nepal

Sam - Denver Colorado

 

Links:

MoneyAnswers.com

 

Books:

Fast Profits in Hard Times

The Dictionary of Financial and Investment Terms

 

Time Stamps:

08:33 – The Trump Economy
10:58 – Impact on the corporate level
12:15 – Impact in an individual level
14:06 – Rising interest rates
16:29 – Impact on stock market
18:19 – 3 things that will affect the market
19:33 – Impact of debt
22:24 – Corporate reinvesting in their companies
25:36 – What should have been included in the tax reform
28:02 – Secured Real Estate Funds
31:50 – Oil and Gas Funds
34:40 – Favorite asset classes
37:02 – Favorite trends
39:29 – Biotechnology
40:33 – Mortgage Optimization Strategy

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

Feb 27, 2018

Co-hosts Johnny and Sam are entrepreneurs and investors who share their investment strategies and experiences to all the listeners. This episode is an overview of index fund allocation combined with personal recommendations, understanding from influential books, and insights from the experts.

On this episode, Johnny and Sam explain the basics of index funds, stocks, and asset allocation. They discuss investment strategies which helps investors balance their portfolio while minimizing risks. They also talk about fundamental considerations when starting index fund investing, basic asset allocation modeling, and portfolio building. They also present the Buy-and-Hold Portfolio of several investment authorities that will surely help you decide what asset allocation model is perfect for you.

 

Where we are:

Johnny – Thailand

Sam – U.S.A.

 

Links:

3 Investment Gurus Share Their Model Portfolios

The All Seasons Portfolio (Aka The Tony Robbins Portfolio)

The ultimate buy-and-hold portfolio

Paulmerriman.com/vanguard/

Paulmerriman.com/whats-wrong-vanguard-small-cap-value/

 

Books:

MONEY Master the Game

Unshakeable

 

Discussed:

ILAB 15 – Meb Faber on Building The All Seasons Portfolio

 

Time Stamps:

03:14 – What is Asset Allocation?
04:11 – Modeling portfolio
08:58 – Most basic asset allocation model
11:25 – How diversification works?
15:22 – Buy-and-Hold
17:06 – Experts buy-and-hold portfolio
21:38 – What to choose for your portfolio?
29:04 – Stocks vs. Bonds
30:26 – Definition of terms
32:43 – Tax implications
35:13 – Recommendations on how to get started
37:24 – Johnny’s wealthfront portfolio
38:05 – Sam’s wealthfront portfolio
40:11 – Wealthfront
51:23 – Sam’s investments/asset allocation
56:17 – Johnny’s investments/asset allocation
58:38 – Considerations in asset allocation model

 

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Copyright 2017. All rights reserved. Read our disclaimer here.

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